Wizz Air (LON:WIZZ) Downgraded to Hold Rating by Deutsche Bank Aktiengesellschaft

Key Points

• Wizz Air has been downgraded to a "hold" rating by Deutsche Bank, with a new price target of GBX 1,400, down from GBX 1,500, indicating a potential upside of 11.46% from its previous close.
• Analysts from JPMorgan and Royal Bank of Canada have also reduced their price targets for Wizz Air, with a consensus rating of "Hold" and a target of GBX 1,250.
• Wizz Air's shares opened at GBX 1,256 and the company currently holds a market capitalization of £1.30 billion.

Deutsche Bank Aktiengesellschaft downgraded shares of Wizz Air (LON:WIZZ - Free Report) to a hold rating in a research note released on Friday, Marketbeat reports. Deutsche Bank Aktiengesellschaft currently has GBX 1,400 price target on the stock, down from their previous price target of GBX 1,500.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. dropped their price target on Wizz Air from GBX 1,350 to GBX 1,100 and set a "neutral" rating for the company in a research report on Friday, July 25th. Royal Bank Of Canada lowered their price objective on Wizz Air from GBX 1,300 to GBX 1,250 and set a "sector perform" rating for the company in a research report on Tuesday, July 29th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of GBX 1,250.

Wizz Air Price Performance

Wizz Air stock traded down GBX 30.24 during mid-day trading on Friday, hitting GBX 1,241.76. 1,086,144 shares of the company were exchanged, compared to its average volume of 1,070,422. The company has a debt-to-equity ratio of 1,582.50, a current ratio of 0.98 and a quick ratio of 0.82. The business's 50 day simple moving average is GBX 1,272.69 and its two-hundred day simple moving average is GBX 1,389.38. The company has a market capitalization of £1.28 billion, a P/E ratio of 697.62, a PEG ratio of 0.47 and a beta of 2.28. Wizz Air has a 12-month low of GBX 970.50 and a 12-month high of GBX 1,818.

About Wizz Air

Wizz Air, one of the most sustainable European airlines, operates a fleet of over 220 Airbus A320 and A321 aircraft. A team of dedicated aviation professionals delivers superior service and very low fares, making Wizz Air the preferred choice of 62 million passengers in the financial year ending 31 March 2024.